Companhia Siderurgica Nacional (SID) Stock Price Down 5.8%
Companhia Siderurgica Nacional (NYSE:SID)’s share price was down 5.8% during mid-day trading on Monday . The company traded as low as $2.89 and last traded at $2.93, with a volume of 1,401,923 shares. The stock had previously closed at $3.11.
Separately, Zacks Investment Research downgraded Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th.
The firm has a market capitalization of $3.92 billion and a price-to-earnings ratio of 21.41. The firm has a 50 day moving average price of $3.17 and a 200 day moving average price of $2.43.
Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry. The Company divides its business into five segments: Steel sector, which is involved in the production, distribution and marketing of flat steel, galvanized steel and metal packaging; Mining sector, which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around two railway companies and a hub port, and Energy sector, which includes investments in energy generation projects to guarantee the Company’s self-sufficiency.
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